Sublime
An inspiration engine for ideas
Two, when you begin to invest so that you will have enough for your own retirement many decades hence, do so in a way that minimizes the extraction by the financial community of the returns generated by business. This is, yes, a sort of self serving recommendation to invest in low-cost all-U.S.—and global—stock market index funds, the only way to g... See more
John Bogle • "Enough"
And let’s say he still went on to earn the extraordinary annual investment returns he’s been able to generate (22% annually), but quit investing and retired at age 60 to play golf and spend time with his grandkids. What would a rough estimate of his net worth be today? Not $84.5 billion. $11.9 million. 99.9% less than his actual net worth.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Amidst this wave of complexity, have we forgotten the fact that the most productive investing is the simplest investing, the most peaceable investing, the lowest-cost investing, the most tax-efficient investing—investing with the most consistent strategies and over the longest time horizon? Apparently so. And I’m afraid that the new jazzed-up itera
... See moreJohn C. Bogle • Enough: True Measures of Money, Business, and Life
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P
amazon.com
Therefore, as I wrote in my Little Book of Common Sense Investing, “the stock market is a giant distraction from the business of investing.”